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Shareholders Indonesia

White & Case LLP

Overview of OJK's New Shares Buyback Regulation: Key Changes and Implications

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On December 29, 2023, the Indonesia's Financial Services Authority (Otoritas Jasa Keuangan or "OJK") issued a new regulation, OJK Regulation No. 29 of 2023 (the "New Regulation"), which revokes the previous OJK Regulation No....more

A&O Shearman

Divestment obligation to be relaxed?

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On 9 September 2021, the Government of Indonesia issued Government Regulation No. 96 Year 2021 on the Implementation of Mineral and Coal Mining Business Activities (GR 96/2021). GR 96/2021 provides further elaboration on...more

White & Case LLP

Indonesian government amends foreign ownership regulation in insurance sector

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The Indonesian government has made several key changes to the foreign ownership regime for companies in the Indonesian insurance sector. Government Regulation No. 3 of 2020 on the Amendment to Government Regulation No. 14 of...more

A&O Shearman

Listed companies’ increase of capital without pre-emptive rights now requires independent (and unaffiliated) shareholders’...

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OJK recently passed a new regulation on increasing the capital of public companies through pre-emptive rights. This regulation consolidates two regulations regarding pre-emptive and non pre-emptive capital increase of public...more

A&O Shearman

New BKPM online system will affect mining M&A transactions

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BKPM is moving in a new direction on certain approvals for changes to shareholder ownership in PMA mining companies. The new rule replaces the old paper-based licences and approvals method (issued by BKPM) with submissions...more

A&O Shearman

Key Changes on New OJK Regulation on Public Company Takeover

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The OJK recently passed Regulation No.9/POJK.04/2018 on Public Company Takeover, which revokes Rule No.IX.H.1. Key changes under the new regulation are a) a takeover that is carried out through a rights issue of the target...more

A&O Shearman

Indonesia tightens control over changes in shareholding and boards of oil and gas, power, geothermal and mining companies (updated...

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Less than three weeks after its issue, the Minister of Energy and Mineral Resources has revoked Regulation No. 42 of 2017 on Supervision of Business Activities in the Energy and Natural Resources Sector and replaced it with...more

A&O Shearman

Indonesia tightens control over changes in shareholding and boards of oil & gas, power, geothermal and mining companies

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Indonesia just issued a new regulation (Reg. 42/2017) that extends governmental control on private and foreign investment in the energy and mining sectors. Whilst similar forms of control already existed in the upstream...more

Morgan Lewis

New Reporting Requirements Affect Shareholders of Indonesian Public Companies

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Certain holders, directors, and commissioners who own shares in Indonesian public companies must adhere to the new reporting requirements or face penalties....more

A&O Shearman

Update – New OJK Regulations on Substantial Shareholding Reporting and GMS Procedure

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On 14 March 2017, the Financial Services Authority (Otoritas Jasa Keuangan, the OJK) issued Regulation No.11/ POJK.04/2017 on Reporting of Substantial Shareholdings in Public Companies (POJK 11/2017). This new regulation...more

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